Weekly Tech Stock Review: Meta Platforms Leads with a 20% Surge! Hong Kong Stock Giants Experience Across-the-Board Decline

LB Select
2024.02.05 02:37

Last week, the seven giants of the US stock market entered the earnings season, while Hong Kong's internet giants were dragged down by the overall market.

Specifically, Meta soared after its earnings, leading the gains with a surge of over 20% for the week, and even slightly surpassing Nvidia's year-to-date increase. Amazon and Nvidia both rose more than 8%, while Microsoft and Tesla also saw gains. However, Alphabet-C and Apple fell after their earnings.

In the Hong Kong stock market, the tech giant that suffered the biggest drop for the week was Xiaomi, which fell nearly 8%. Kuaishou-W, JD.com, and Meituan followed closely behind, while Tencent and BABA-SWR saw slight declines. It is worth noting that among these internet giants, only NetEase, which fell 1% last week, has seen an increase since the beginning of the year.

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